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Showing 20 of 36 results by Goldson
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Board Bitcoin Discussion
Re: Thinking of buying BTC on the London Stcok Exchange
by
Goldson
on 23/12/2024, 01:27:39 UTC

May I ask why buy in stock exchange though??? Why not just buy in a crypto exchange if you really want a centralized authority holding your coin
Because the bitcoin exchanges are all scam artists!
[/quote]

Even ones which legally registered and comply with government regulation?
[/quote]

I refer you to one of my other posts and that is about coinbase charging over 3% = 50p a deal
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Topic
Board Bitcoin Discussion
Re: Thinking of buying BTC on the London Stcok Exchange
by
Goldson
on 23/12/2024, 01:21:56 UTC

In short, you won't be able to withdraw that bitcoin, you are just able to cash out the value that's gained, or lose the value in case it drops.

Been down this road/ discusion before with gold silver ETFs. That you can not actully book an appointment with the vault to cash your ar of gold and collect it or have it delivered

Again; Do you own a share of this and dose your ETF company own bitcoin that is fractionlized for you on your behalf? I mean did they initally go out and buy bitcoin them selfs?
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Topic
Board Bitcoin Discussion
Re: Thinking of buying BTC on the London Stcok Exchange
by
Goldson
on 23/12/2024, 01:16:56 UTC
Has anyone ever done it like this and used a stock exchange to buy there from
There's no advantageous reason for me to buy BTC ETF where BTC is treated like Jpeg and nothing will change that.

How safe is it?
It depends on what you mean by safe. The whole investment is controlled by the institutional investors, and the tax aspect of it is always taken care of.

How dose the price differ from BTC its self?
You're buying the company BTC jpeg instead of the real Bitcoin.
Is that a it like the DOE straw man thing?


And when you purchase this way, do you actully own BTC or is it a futures market?
Both now and in the future. This investment purchase don't make you a real BTC owner, or holder.
[/quote]
But dose the ETF hold the bitcoin (and hence the keys for it)?
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Topic
Board Bitcoin Discussion
Re: Thinking of buying BTC on the London Stcok Exchange
by
Goldson
on 21/12/2024, 12:30:04 UTC
buying shares is not buying bitcoin. its investing in corporations shares where the corp assesses collateral of a trust the corporation holds (as a secondary entity's valuation)
meaning the shares have no actual ownership rights nor voting rights over the btc, as the btc is held in a secondary entity(trust)
not the share holders claim of the main corp

I remember this disscusion on gold and silver ETFs a few times, and it was "can you take out or have delivered the gold and silver from the vault". I guess hear it would be can I have the keys for my shares in btc
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Topic
Board Bitcoin Discussion
Re: Thinking of buying BTC on the London Stcok Exchange
by
Goldson
on 21/12/2024, 12:27:14 UTC


Anyway, other than Coinbase, what other exchanges have you tried OP?

I cant remember; but I googled them and that rates where all something like 1-4% an exchange
Post
Topic
Board Bitcoin Discussion
Re: Thinking of buying BTC on the London Stcok Exchange
by
Goldson
on 21/12/2024, 12:22:25 UTC


May I ask why buy in stock exchange though??? Why not just buy in a crypto exchange if you really want a centralized authority holding your coin

Because the bitcoin exchanges are all scam artists!
Post
Topic
Board Bitcoin Discussion
Re: Thinking of buying BTC on the London Stcok Exchange
by
Goldson
on 21/12/2024, 12:18:22 UTC
Anyway, in terms of safety, it's safe in a way because you're doing it on a highly regulated and compliant platform, but unsafe in a way because you don't actually own any real Bitcoin, only a kind of ETP. So, you aren't actually in control of your Bitcoin.
Do you think the stock broker owns any bit coin though? meaning they own the bitcoin and you dont they just owe it to you like banks and fiat currency. Or is it just a futures market thing where there is no actual Bit Coin in there?
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Topic
Board Bitcoin Discussion
Topic OP
Thinking of buying BTC on the London Stcok Exchange
by
Goldson
on 21/12/2024, 01:44:40 UTC
So on an investment side of things (and not day to day spending)

I see hat the LSE now sell BTC on there exchange in the following tickers

Code   Instrument name   Price
ABTC   21SHARES BITCOIN ETP   28.37 GBP
AETH   21SHARES ETHEREUM STAKING ETP   34.24 GBP
BTCU   21SHARES BITCOIN ETP   36.05 USD
CBTC   21SHARES BITCOIN CORE ETP   20.06 GBP

Has anyone ever done it like this and used a stock exchange to buy there from

How safe is it?
How dose the price differ from BTC its self?
What commision do they charge?
And when you purchase this way, do you actully own BTC or is it a futures market?

Thanks
Post
Topic
Board Exchanges
Re: Do not trust coin base
by
Goldson
on 21/12/2024, 01:34:57 UTC
Try logging into you coinbase account and using their help center or the in-app support chat for quicker assistance. They also provide support through their official twitter account (@CoinbaseSupport) which can sometimes yield faster responses. Here's also an article from coinbase support page that might be helpful How to contact Coinbase Support.
And what about if you can no longer log in case they have locked you out
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Board Bitcoin Discussion
Topic OP
Do not trust coin base
by
Goldson
on 19/12/2024, 01:11:28 UTC
So a google search of "coinbase contact us" brings up support@coinbase.com

But when I try and send them an email i reiece the following message

Address not found
Your message wasn't delivered to support@coinbase.com because the address couldn't be found, or is unable to receive mail.
Post
Topic
Board Bitcoin Discussion
Re: So I have changed my mind aout BC (I now want to invest!)
by
Goldson
on 18/12/2024, 23:47:33 UTC
So can anyone advice on a a cheap exchange site that will trade me my GBP in to BC for say a 2Ks worth? After all when there are online share dealing accounts like Trading212 giving free trades away on the London Stock Exchange and no subscription costs to have an account with them, then surly there must be something siular for BC (given the fact its only electrical computer running costs)
If by BC you mean Bitcoin then you are giving the wrong abbreviations and could easily cause some confusion. Rather than saying BC you are better off saying BTC.
About the exchange site you need my advice is that you should be ready to do your own research, there are a good number of exchange you can check out but don't use any of you haven't done your research.

Here is a list you can check.
https://koinly.io/blog/best-crypto-exchange-uk/

Quote
Agreed.
It's probably a typo on OP's part.

Typo and it was written twice? I doubt if it was typo or OP wasn't aware and it's no bad to not know. We learn everyday and that is more important.
I read that link before thanks! and all of them where just a rip off! think i asked that question on this forum before about a cost effective exchange. well looks like there are non i guess, so guess the whole bit coin is a rip off so best forget about it all really

Unless I can buy it on the stock market from a lagit time served and regulated body that is
Post
Topic
Board Bitcoin Discussion
Topic OP
So I have changed my mind aout BC (I now want to invest!)
by
Goldson
on 18/12/2024, 00:39:35 UTC
Having watched this video
https://www.bitchute.com/video/JQ3vO4upK6CX
At 20 second Mick Savel says that the Trump administration would buy up 20/25% of the Bit coin network which will then demonetized the value of BRICcoin, hence as BRICcoing is back by gold the value of gold will collapse meaning Trump will be able to wipe off the US debit.

Not so long ago my bank manager sat me down in his office and said "Dont put all your eggs in one basket" meaning dont just spend all your stocks on gold. But with a great reset pending after the plandemic I could not think of any thing ells to buy at the time (and boy did I make the right decision!)

But now I think well maybe now is the time to diversify that port folio after the message from Greg Reese Reports (reporter for Alex Jones Info Wars). So can anyone advice on a a cheap exchange site that will trade me my GBP in to BC? After all when there are online share dealing accounts like Trading212 giving free trades away on the London Stock Exchange and no subscription costs to have an account with them, then surly there must be something siular for BC (given the fact its only electrical computer running costs)
Post
Topic
Board Bitcoin Discussion
Topic OP
one reason not to buy BitCoin
by
Goldson
on 07/12/2024, 21:32:55 UTC
An interesting but short read

https://www.youtube.com/watch?v=YguVue0lgxM
Post
Topic
Board Beginners & Help
Re: New to bitcoin (help needed starting)
by
Goldson
on 05/12/2024, 12:43:14 UTC

It's all your choice. Invest in what you know of, not what you have less knowledge of. That's the best way to follow up on things in life, to avoid making a lot of mistakes you will regret in the future or hold someone responsible for your misfortune.

However, since you would prefer sticking to gold and silver will do you right, stick up with it, not Bitcoin investment because you really don't have basic knowledge of it.

It would appear that the tecnocratic hoops needed to become of member of the club apear to be to much for me. And Given the fact that the prices to buy and sell, (well lets be frank shall we a bunch of 0s and 1s) are astronomical! Compared to what I pay to have gold and silver stored in a secured vault. It would apppear that everyone selling it that I have come across so far are just rip off mechints!

But it was more of a trade thing to avoid CBDCs then an investment. However there are other routes for this such as companies that offer gold and silver bank account and countorys that will not be taking part in a post CBDC world that I would like to open a bank account with. All of which would offer a debit visa card with your account, so you can participate in this digital money world

But when the $ fails at some point in the near furture. and again in a post CBDC world. I see bit coin becoming a popular choise for those who want to go under the radar.
Post
Topic
Board Beginners & Help
Re: New to bitcoin (help needed starting)
by
Goldson
on 04/12/2024, 10:29:39 UTC
Can you recommend any other platforms rather then coinbase (that work in the UK)

You can also check out MEXC exchange (https://www.mexc.com/). They should have lower fees than Coinbase and, last time I checked, they should be available in the UK.
I have used them a few times and they have been pretty reliable. No major complaints so far.

https://ibb.co/16tGkfc
And you can even contract the with out being a member of there club!

Think I am going to leave this for now and stick to the trushworthyness of gold and silver

Thanks for the help
Post
Topic
Board Beginners & Help
Re: New to bitcoin (help needed starting)
by
Goldson
on 03/12/2024, 08:48:05 UTC
The skyrocketing price of Bitcoin makes beginners interested in buying this most phenomenal asset. One thing to note is that the price changes are unpredictable and create a feeling of insecurity for beginner investors. As your first step in the crypto industry, you should start from the most basic, such as buying consistently and then storing it in a wallet that you can control the Private key. Although it sounds easy when explained by seniors in several different comments, there are several aspects that need to be considered because each method used requires special attention in terms of price technicals.
Can you recommend any other platforms rather then coinbase (that work in the UK)
Post
Topic
Board Beginners & Help
Re: New to bitcoin (help needed starting)
by
Goldson
on 02/12/2024, 02:22:13 UTC
The best way to find out about fees is to try out individual features, like buying or selling crypto, and check the breakdown of fees before confirming the transaction. For example, you could deposit a small amount with your credit card, buy a stablecoin like USDC to keep things simple, and then withdraw it to your own wallet. This way, you will get a real-world sense of the fees involved in each step.

Well though I would try, But to buy £1 of BitCoin though coinbase they said i would get 0.0000065 BTC and at the bottom in small print "CoinBase fee £0.50"

Then to buy £1000 with them they said i would get 0.01237997, but this time in small print they state "incl.spread +£38.37 fee"

Dot know about you but to me looks like coinbase are ripping people off!!!!
Now looks like they have removed my Visa Card from there records! (given there extorsonate fees cant be a bad thing i guess)

Just had an email come though now

Your payment methods were removed to keep you safe
We automatically removed all payment methods that were previously added to your account, such as bank accounts and cards.

We sometimes do this whenever you recover your account, just in case someone other than you accessed your account.

When you're ready, you can add your payment methods back to your account.


Post
Topic
Board Beginners & Help
Re: New to bitcoin (help needed starting)
by
Goldson
on 02/12/2024, 02:13:38 UTC
The best way to find out about fees is to try out individual features, like buying or selling crypto, and check the breakdown of fees before confirming the transaction. For example, you could deposit a small amount with your credit card, buy a stablecoin like USDC to keep things simple, and then withdraw it to your own wallet. This way, you will get a real-world sense of the fees involved in each step.

Well though I would try, But to buy £1 of BitCoin though coinbase they said i would get 0.0000065 BTC and at the bottom in small print "CoinBase fee £0.50"

Then to buy £1000 with them they said i would get 0.01237997, but this time in small print they state "incl.spread +£38.37 fee"

Dot know about you but to me looks like coinbase are ripping people off!!!!
Now looks like they have removed my Visa Card from there records! (given there extorsonate fees cant be a bad thing i guess)
Post
Topic
Board Beginners & Help
Re: New to bitcoin (help needed starting)
by
Goldson
on 02/12/2024, 02:05:20 UTC
The best way to find out about fees is to try out individual features, like buying or selling crypto, and check the breakdown of fees before confirming the transaction. For example, you could deposit a small amount with your credit card, buy a stablecoin like USDC to keep things simple, and then withdraw it to your own wallet. This way, you will get a real-world sense of the fees involved in each step.

Well though I would try, But to buy £1 of BitCoin though coinbase they said i would get 0.0000065 BTC and at the bottom in small print "CoinBase fee £0.50"

Then to buy £1000 with them they said i would get 0.01237997, but this time in small print they state "incl.spread +£38.37 fee"

Dot know about you but to me looks like coinbase are ripping people off!!!!
Post
Topic
Board Beginners & Help
Re: New to bitcoin (help needed starting)
by
Goldson
on 02/12/2024, 01:38:25 UTC
You can read this in this site about the Bitcoin ATM machine and how it works. You can buy using debit card or cash to exchange it to bitcoin. It is indeed tricky if you don't know any shops in your country who accepts bitcoin or other cryptocurrency as another mode of payment. Rather than connecting your coinbase wallet to the machine is you should just connect it to a wallet you created to avoid spending another fee for transferring since using the machine also requires a fee unless you are going to buy other crypto in coinbase.
Find Bitcoin ATM and cryptocurrency ATMs with this website.
https://coinatmradar.com/

It has blog site with many reports on Bitcoin ATMs and guides for users too.
https://coinatmradar.com/blog/
I tried that first link you gave thanks! and entered my location in, but the fees for all of the outlets showed the same!

Fees:
Buy: N/A





Bitcoin ATMs charge users uncomfortable fees which are expensive for most of users. It makes Bitcoin ATMs is not a first favorite option for Bitcoin users if they can have other choices with cheaper service fees.
I guess that is the fees that they rip you off on for the though of being out of the didital system. (and we dont even know what the fees are yet!)